Reported 7 months ago
The Federal Reserve's decision to dial back interest-rate forecasts includes key takeaways such as the median forecast for 2025 rising to 4.1% from 3.9%, implying four cuts compared to three projected in March; FOMC voting unanimously to keep benchmark rates unchanged; a tweak in statement language to acknowledge progress towards the inflation goal; an increase in PCE inflation and core PCE projections; and a lift in long term rate estimates to 2.8% from 2.6%.
Source: YAHOO